Sideways Price Activity On Gold Price

London (Oct 29)  When the price is sideways like on gold for the last few weeks, we have to keep an eye on different interpretations. In fact, we are tracking two wave counts as the market is taking shape of a triangle. But the question is if this is a triangle in B or triangle in wave 4? In either case, we have to keep an eye on confirmation levels; bullish on a daily close above 1517; or bearish for a drop towards 1440/1450 for wave C) of four like shown on our second count.

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